Net Income Drops In Third Quarter as Internet Giant Stresses User Growth

More than a year into her turnaround effort at Yahoo Inc., chief Marissa Mayer hasn't yet proven she can deliver meaningful financial growth in the company's core advertising business.

Yahoo on Tuesday reported its third-quarter profit dropped 13% excluding a big gain from the sale of some of its stake in Chinese e-commerce firm Alibaba Holding Group Ltd. Revenue fell 1%, minus commissions paid to partners for traffic, as Yahoo...